Global Veterinary Imaging Market Research Report and Forecast to 2030 is an investigative report providing an extensive study of the global Veterinary Imaging market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Veterinary Imaging market on the global and regional scale, along with a thorough forecast estimation to 2030. The new report is updated with the impact of the COVID-19 pandemic on the Veterinary Imaging market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Veterinary Imaging market.
Veterinary imaging involves the use of imaging modalities such as X-rays, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear imaging to diagnose and monitor diseases in animals. To provide statistical insights, the American Veterinary Medical Association (AVMA) estimates that around 57% of households in the United States own pets. Additionally, according to the British Small Animal Veterinary Association (BSAVA), diagnostic imaging accounts for approximately 20% of all veterinary procedures in the UK.
According to the most recent analysis by Emergen Research, the size of the worldwide veterinary imaging market reached USD 1.65 billion in 2021 and is anticipated to grow at a revenue CAGR of 6.1% during the projected period. The market is driven by factors such as the increasing pet adoption rates, growing prevalence of animal diseases, advancements in imaging technology, and the rising focus on animal healthcare.
One of the primary drivers behind the growth of the veterinary imaging market is the increasing pet ownership worldwide. Pets have become integral members of many families, and their owners are willing to invest in their healthcare. This has led to a higher demand for diagnostic services and imaging procedures in veterinary clinics and hospitals. Additionally, the increasing awareness about the benefits of early disease detection and the availability of advanced imaging technologies have further propelled the growth of the veterinary imaging market.
The growing prevalence of animal diseases is another significant driver for the veterinary imaging market. Animals, just like humans, are susceptible to various health conditions, including orthopedic disorders, cancers, cardiovascular diseases, and neurological disorders. Veterinary imaging plays a crucial role in the early detection, diagnosis, and monitoring of these diseases. With the advancements in imaging technology, veterinarians are able to obtain high-quality images for accurate diagnosis and effective treatment planning.
However, the veterinary imaging market also faces certain restraints. One of the key challenges is the high cost associated with imaging equipment and procedures. Veterinary imaging equipment, such as X-ray machines and MRI scanners, can be expensive to acquire and maintain. Moreover, the need for trained professionals to operate these sophisticated imaging systems adds to the overall cost. These cost-related factors can limit the adoption of veterinary imaging services, particularly in regions with limited financial resources.
Several growth factors are expected to drive the veterinary imaging market in the coming years. Firstly, the increasing investments in research and development activities aimed at advancing imaging technology for veterinary applications are fueling market growth. Innovations such as portable and handheld imaging devices, three-dimensional (3D) imaging, and contrast-enhanced imaging techniques are expanding the capabilities and improving the accessibility of veterinary imaging. These advancements are driving the demand for imaging services in veterinary practices.
Furthermore, the rising focus on animal healthcare and the availability of pet insurance coverage are contributing to the growth of the veterinary imaging market. Pet owners are increasingly recognizing the importance of regular health check-ups and early disease detection for their animal companions. Moreover, the inclusion of imaging services in pet insurance plans provides financial support for diagnostic procedures, encouraging pet owners to seek veterinary imaging services when necessary.
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The global Veterinary Imaging market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Veterinary Imaging market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Veterinary Imaging market.
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Product Type Outlook (Revenue, USD Billion; 2019-2030)
- X-ray
- Computed Tomography (CT) Systems
- Ultrasound
- Magnetic Resonance Imaging (MRI)
- Others
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Animal Type Outlook (Revenue, USD Billion; 2019-2030)
- Livestock
- Poultry
- Cattle
- Others (horses, goat, camel, and others)
- Companion
- Cats
- Dogs
- Aquaculture
- Others
- Livestock
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Application Outlook (Revenue, USD Billion; 2019-2030)
- Oncology
- Cardiology
- Neurology
- Orthopedics
- Others
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Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
ESAOTE SPA, SOUND, General Electric Company, UNIVERSAL SOLUTIONS, INC., FUJIFILM Holdings America Corporation, Carestream Health., Koninklijke Philips N.V., Siemens Healthcare GmbH, Agfa-Gevaert Group, Heska Corporation
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of Buying the Global Veterinary Imaging Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Veterinary Imaging Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Veterinary Imaging Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Veterinary Imaging Market
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Veterinary Imaging Market Snapshots
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